1, HUGH PARKE CLOSE, LOUGHTON, MILTON KEYNES, MK5 8FG - £570,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 HUGH PARKE CLOSE is a very large extended detached house of 233m², built sometime between 2003 and 2006, which could now be worth an estimated £1,084,388. It was last sold for £570,000 in August 2013, which was around 87% above the average August 2013 detached price in the Milton Keynes local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

1 HUGH PARKE CLOSE Sold Prices

Land registry data shows two sales for 1 HUGH PARKE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. One of the two 1 HUGH PARKE CLOSE sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2013 9 AUG	£570,000	£304,523	87% above HPI
2003 1 DEC	£240,000	£246,108	2% below HPI

1 HUGH PARKE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 1 HUGH PARKE CLOSE sales from December 2003 and August 2013 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2003 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the August 2013 sale, where it rises to 87% above the HPI. The line then continues to track at 87% above the HPI.

What might 1 HUGH PARKE CLOSE be worth now?

1 HUGH PARKE CLOSE might now be worth an estimated £1,084,388.

This is based on house price inflation of 90.2%, between August 2013 and March 2025, for detached houses, in the Milton Keynes local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 90.2% inflationary increase is applied to the most recent sale price for 1 HUGH PARKE CLOSE of £570,000 on 9th August 2013. For the value to have increased from £570,000 to £1,084,388 over the twelve years and five months to March 2025, the following assumptions must hold true:

• The value of 1 HUGH PARKE CLOSE has moved in line with the HPI for detached houses in the Milton Keynes local authority area.
• The August 2013 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of 1 HUGH PARKE CLOSE has not materially changed since August 2013.

How Large is 1 HUGH PARKE CLOSE?

1 HUGH PARKE CLOSE is 233m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the largest 10% of detached houses houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milton Keynes, and where 1 HUGH PARKE CLOSE lies on this distribution: 96% of detached houses houses are smaller than 1 HUGH PARKE CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

1 HUGH PARKE CLOSE: Plot and Title Map

1 HUGH PARKE CLOSE sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of 1 HUGH PARKE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 HUGH PARKE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 HUGH PARKE CLOSE?

1 HUGH PARKE CLOSE is located in LOUGHTON, in the MK5 postcode district. The below map shows the position of No. 1 on HUGH PARKE CLOSE.